Redwood attracts Google for its $425M Series E as AI power needs rise

Google is the latest investor to back Redwood Materials as the battery recycling and cathode production startup scales a new energy storage venture to power AI data centers and other industrial sites. Redwood Materials, founded by former Tesla CTO JB Straubel, last October raised $350 million in a Series E round led by venture firm Eclipse. The round included a new strategic investment by Nvidia’s venture capital arm, NVentures. More investors, including newcomer Google, have piled in since, pushing t ...